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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Dec. 31, 2018
Cash Flows from Operating Activities:          
Net income $ 8,692 $ 5,785 $ 13,465 $ 17,577  
Adjustments to reconcile net income to net cash provided by operating activities:          
Recovery of loan losses (12) (23) (6) (97) $ (103)
Depreciation     1,504 1,366  
Net accretion of acquisition accounting adjustments     (2,321) (1,002)  
Core deposit intangible amortization 448 56 961 210  
Net amortization of securities     845 1,262  
Net gain on sale or call of securities available for sale     (242) (81)  
Net change in fair value of equity securities     (333) (312)  
Gain on sale of loans held for sale     (1,702) (1,492)  
Proceeds from sales of loans held for sale     72,452 61,772  
Originations of loans held for sale     (75,756) (60,575)  
Net (gain) loss on other real estate owned     (124) 5  
Valuation allowance on other real estate owned     68 28  
Net loss (gain) on sale of premises and equipment 2 (63) 89 (66)  
Equity based compensation expense     1,204 859  
Earnings on bank owned life insurance     (425) (325)  
Deferred income tax expense     205 203  
Net change in interest receivable     995 (1)  
Net change in other assets     4,695 (660)  
Net change in interest payable     29 93  
Net change in other liabilities     (2,852) 136  
Net cash provided by operating activities     12,751 18,900  
Cash Flows from Investing Activities:          
Proceeds from sales of equity securities     445 431  
Proceeds from sales of securities available for sale 0 35,541 29,878 57,607  
Proceeds from maturities, calls and paydowns of securities available for sale     76,162 23,561  
Purchases of securities available for sale     (36,517) (66,221)  
Net change in restricted stock     (786) 871  
Net (increase) decrease in loans     (805)    
Net (increase) decrease in loans       5,600  
Proceeds from sale of premises and equipment     0 233  
Purchases of premises and equipment     (2,070) (1,322)  
Proceeds from sales of other real estate owned     1,248 808  
Cash paid in bank acquisition     (27) 0  
Cash acquired in bank acquisition     26,283 0  
Net cash provided by investing activities     93,811 21,568  
Cash Flows from Financing Activities:          
Net change in demand, money market, and savings deposits     8,384 (1,321)  
Net change in time deposits     (16,103) (10,298)  
Net change in customer repurchase agreements     3,681 18,378  
Net change in other short-term borrowings     (14,883) (24,000)  
Net change in long-term borrowings     (778) 0  
Common stock dividends paid     (7,972) (6,522)  
Repurchase of common stock     (1,138) 0  
Proceeds from exercise of stock options     609 861  
Net cash used in financing activities     (28,200) (22,902)  
Net Increase in Cash and Cash Equivalents     78,362 17,566  
Cash and Cash Equivalents at Beginning of Period     64,255 52,477 52,477
Cash and Cash Equivalents at End of Period $ 142,617 $ 70,043 $ 142,617 $ 70,043 $ 64,255